Two lawyers learned real estate by fixing the properties other buyers avoided. Twenty-three years later, their Austin-based firm is applying the same control-every-step playbook to apartments, historic mills and a 4,000-capacity music venue.
New shopping centers are expensive, slow and unfashionable. SimonCRE's answer is a short ownership clock, municipal dealmaking and the stubborn belief that a good Target can still rearrange a town.
The obituary for the American mall was written early. Simon Property Group answered with scarce locations, rising rents and a business that now sells retailers space, attention and a reason for shoppers to stay awhile.